Sterling and Wilson Renewable Energy Ltd
SWSOLARSterling and Wilson Renewable Energy Ltd
SWSOLAR
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| -214.12 | 11.43 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 48.96 | 6.90 | 0.56% |
Forecast & Ratings
Detailed Forecast from 3 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Sterling and Wilson Solar is an end-to-end solar engineering, procurement and construction (EPC) solutions provider. The Company provides EPC services with a focus on project design, engineering and management. It also provide O&M services.
Investor Presentation
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Compare with peersSuzlon Energy Ltd
Waaree Energies Ltd
Azad Engineering Ltd
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Forecasts
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Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 6,884.42 | 8,449.94 | 5,878.78 | 5,239.29 | 5,293.64 | 2,125.87 | 3,120.79 | 3,814.05 | ||||||||
Raw Materials | 5,373.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,650.44 | ||||||||
| Power & Fuel Cost | 1.12 | 0.89 | 1.90 | 0.79 | 0.38 | 0.58 | 0.85 | |||||||||
| Employee Cost | 98.62 | 177.89 | 240.27 | 208.48 | 227.89 | 247.85 | 211.27 | |||||||||
| Selling & Administrative Expenses | 75.14 | 107.34 | 102.86 | 90.68 | 99.60 | 88.68 | 81.72 | |||||||||
| Operating & Other expenses | 781.43 | 7,296.77 | 4,901.33 | 5,157.90 | 5,774.05 | 2,801.50 | 2,748.86 | |||||||||
EBITDA | 554.66 | 867.05 | 632.42 | -218.56 | -808.28 | -1,012.74 | 78.09 | 163.61 | ||||||||
| Depreciation/Amortization | 3.17 | 7.80 | 14.23 | 16.51 | 14.67 | 14.70 | 16.65 | 16.79 | ||||||||
| PBIT | 551.49 | 859.25 | 618.19 | -235.07 | -822.95 | -1,027.44 | 61.44 | 146.82 | ||||||||
| Interest & Other Items | 22.82 | 100.07 | 219.69 | 104.97 | 87.21 | 151.30 | 233.76 | 139.14 | ||||||||
| PBT | 528.67 | 759.18 | 398.50 | -340.04 | -910.16 | -1,178.74 | -172.32 | 7.68 | ||||||||
| Taxes & Other Items | 76.50 | 120.18 | 88.44 | -54.66 | -0.70 | -9.19 | 39.60 | 58.67 | ||||||||
| Net Income | 452.17 | 639.00 | 310.06 | -285.38 | -909.46 | -1,169.55 | -211.92 | -50.99 | ||||||||
| EPS | 28.20 | 39.85 | 19.34 | -17.80 | -51.96 | -61.65 | -10.02 | -2.19 | ||||||||
| DPS | 0.00 | 0.00 | 6.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||
| Payout ratio | 0.00 | 0.00 | 0.31 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
IndustrialsRenewable Energy Equipment & Services
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Sterling and Wilson Renewable Energy Ltd | -51.52 | 11.43 | — |
| Suzlon Energy Ltd | 131.98 | 22.23 | — |
| Waaree Energies Ltd | 68.09 | 20.31 | — |
| Azad Engineering Ltd | 171.51 | 15.57 | — |
Price Comparison
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Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 7.19%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.71%
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 4.01%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Sterling and Wilson Renewable Energy Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HSBC India Export Opportunities Fund - Direct Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1661% | Percentage of the fund’s portfolio invested in the stock 0.98% | Change in the portfolio weight of the stock over the last 3 months 0.98% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 44/52 (-27) |
Bank of India Business Cycle Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0540% | Percentage of the fund’s portfolio invested in the stock 0.97% | Change in the portfolio weight of the stock over the last 3 months 0.97% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 39/107 (-28) |
Bandhan Multi Asset Allocation Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.0312% | Percentage of the fund’s portfolio invested in the stock 0.19% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 116/154 (-21) |
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Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
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Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateFeb 24, 2020
Dividend/Share
₹6.00
Ex DateEx Date
Feb 24, 2020
Sterling & Wilson Renewable Energy announced that it has received LoI for a prestigious new order totaling approx. Rs 1,200 crore in Gujarat. The company received an order for Design, Engineering, Procurement and Construction of Balance of System (BOS) for 500 MW (AC) Solar PV project on EPC basis. In addition to EPC with single point responsibility, it will also include comprehensive O&M for a period of three years.Powered by Capital Market - Live
In a regulatory filing made on Sunday, the company informed that it has received an order for design, engineering, procurement and construction of balance of system (BOS) for 500 MW (AC) solar PV project on EPC basis. In addition to EPC with single point responsibility, it will also include comprehensive O&M for a period of three years. Amit Jain, global CEO, Sterling and Wilson Renewable Energy Group, said: We are proud to receive this prestigious order, which will support India and especially Gujarat's transition towards clean energy.' Sterling and Wilson Renewable Energy (SWREL) is a global pure-play, end-to-end renewable engineering, procurement, and construction (EPC) solutions provider. The company provides EPC services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 20.7 GWp (including projects commissioned and under various stages of construction). SWREL also manages an operation and maintenance (O&M) portfolio of 7.6 GWp solar power projects, including for projects constructed by third parties. Powered by Capital Market - Live
Net profit of Sterling & Wilson Renewable Energy reported to Rs 7.05 crore in the quarter ended September 2024 as against net loss of Rs 54.24 crore during the previous quarter ended September 2023. Sales rose 35.68% to Rs 1030.49 crore in the quarter ended September 2024 as against Rs 759.52 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1030.49759.52 36 OPM %1.760.19 - PBDT23.90-45.66 LP PBT20.07-49.95 LP NP7.05-54.24 LP Powered by Capital Market - Live
Sterling & Wilson Renewable Energy will hold a meeting of the Board of Directors of the Company on 14 October 2024.Powered by Capital Market - Live
Sterling & Wilson Renewable Energy announced that it has received two new domestic orders from Private IPPs valued at Rs 512 crore. The company received an order for Engineering, Procurement and Construction of a 200 MW AC / 250 MWp DC PV plant for a PV project in Gujarat, India. It also received a LOA for Engineering, Procurement and Construction of a 50 MW AC / 65 MWp DC PV plant in Maharashtra, India.Powered by Capital Market - Live
Sterling Stable/ ACUITE A4+. Powered by Capital Market - Live
Sterling & Wilson Renewable Energy announced that the Annual General Meeting (AGM) of the company will be held on 5 September 2024.Powered by Capital Market - Live
Sterling & Wilson Renewable Energy has allotted 23,772 equity shares of Re. 1/- each, to the option grantees, upon exercise of the options vested with them under the SWREL ESOP Plan at the exercise price of Rs. 238/- per share. Post allotment, the paid up equity share capital has increased to Rs. 23,33,65,697/- consisting of 23,33,65,697 equity shares of Re. 1/- each.Powered by Capital Market - Live
Sterling & Wilson Renewable Energy announced that it has received a prestigious order for the Engineering, Design, Procurement, Erection, Testing & Commissioning of 500 x 2 (1,000 MWhr) - Standalone BESS plant in Rajasthan, India. This GWhr scale project is till date India's Largest Battery Energy Storage (BESS) Project and one of the very few Projects of GWhr scale in a single location globally which shall be executed by 2025. The total installed capacity of BESS in India currently only stands at ~219 MWhr as of March 2024. As per National Electricity Plan (NEP) 2023 of Central Electricity Authority (CEA), the energy storage capacity requirement is projected to be 82.37 GWh (47.65 GWh from PSP and 34.72 GWh from BESS) in year 2026-27. Additionally, the company also secured a 20 MW Floating Solar project in Karnataka from the same client, which marks the third such floating solar project the company is currently executing in the country. The value of LoI's for both projects is Rs 328 crore. Powered by Capital Market - Live
Net profit of Sterling & Wilson Renewable Energy reported to Rs 4.19 crore in the quarter ended June 2024 as against net loss of Rs 95.47 crore during the previous quarter ended June 2023. Sales rose 77.70% to Rs 915.06 crore in the quarter ended June 2024 as against Rs 514.96 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales915.06514.96 78 OPM %2.70-7.23 - PBDT18.67-91.91 LP PBT14.66-95.33 LP NP4.19-95.47 LP Powered by Capital Market - Live
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -18.06%, vs industry avg of 7.16%
Decreasing Market Share
Over the last 5 years, market share decreased from 54.13% to 13.43%